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California Public Employees' Retirement System

A collection of news and information related to California Public Employees' Retirement System published by this site and its partners.

Top California Public Employees' Retirement System Articles

Displaying items 12-22
  • Cities may use bankruptcy to cut worker pensions

    Cities may use bankruptcy to cut worker pensions
    Financially pressed California cities might turn to bankruptcy as a way to cut their increasing pension costs after a judge's ruling, experts said Thursday. Analysts from Moody's Investor Services, a bond rating firm, said that Wednesday's ruling by a...
  • CalPERS decides hedge funds are a sell

     CalPERS decides hedge funds are a sell
    SACRAMENTO — The country's biggest public pension system is getting out of hedge funds. The California Public Employees' Retirement System, with $298 billion worth of investments in its portfolio, announced that over the next year it plans to sell...
  • Stockton bankruptcy ruling a blow to pensions

    Stockton bankruptcy ruling a blow to pensions
    SACRAMENTO — A federal bankruptcy judge dealt a blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy — just like its other debts....
  • Judge rules Calpers can be impaired in Stockton bankruptcy

    SACRAMENTO Calif. (Reuters) - The judge overseeing the Stockton, California, bankruptcy on Wednesday ruled the state's huge pension system, Calpers, can be impaired as part of the city's financial restructuring. U.S. Bankruptcy Judge Christopher Klein...
  • Calpers says ruling by judge in Stockton case is not legally binding

    (Reuters) - The California Public Employees' Retirement System, or Calpers, on Wednesday said it disagreed with a U.S. bankruptcy judge's ruling that Stockton, California, could impair worker pensions as part of the city's proposed financial...
  • Council candidate Peterson rocks a financial perspective

    Council candidate Peterson rocks a financial perspective
    Huntington Beach City Council candidate Erik Peterson, a punk rocker back in his teenage days, still enjoys a TSOL concert every now and then. But Peterson, now 46, says he has a plan to improve the city while not sticking it to the man. "The...
  • Judge to decide in late October if Stockton, Calif., can exit bankruptcy

    (Reuters) - The judge presiding over the Stockton, Calif., bankruptcy case said he will wait until late October to make a final ruling over whether the city can exit bankruptcy. U.S. Bankruptcy Judge Christopher Klein said late on Wednesday afternoon...
  • Stockton bankruptcy ruling could deal blow to CalPERS, public pensions

    A federal bankruptcy judge dealt a serious blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy -- just like its other debts. U.S....
  • Judge to make final ruling on Stockton bankruptcy late October

    SACRAMENTO Calif. (Reuters) - The judge presiding over the Stockton, California, bankruptcy case said on Wednesday that he will wait until late October to make a final ruling over whether the city can exit bankruptcy. U.S. Bankruptcy Judge Christopher...
  • John Chiang is best choice for California treasurer

    John Chiang was the best candidate for state treasurer in the June primary, and he's the best candidate now. A lawyer and a Democrat who is termed out of his job as state controller after eight years, Chiang has the experience and the political and...
  • Cop arrested in prostitution sting is set to get $10,579 a month in paid leave

    Cop arrested in prostitution sting is set to get $10,579 a month in paid leave
    A Glendale police sergeantĀ arrested last month for allegedly soliciting a prostitute will makeĀ more than $10,000 a month on paid leave until he retires at the end of 2015, records show. The arrangement was reached months before Sgt. Vahak Mardikian&...